Tigermed Completes Acquisition of Japanese CRO Micron
Founded in 2005 and headquartered in Tokyo, Micron is a Japan-based Contract Research Organization (CRO) focusing in medical imaging and clinical trial services with over 160 employees. Micron brings nearly two decades of expertise in clinical research and the largest team of imaging experts in Asia, served more than 250 clients and contributed to the successful approval of over 40 drugs.
As the first imaging CRO in Japan, Micron has built a strong reputation for technology excellence and pioneering practices in imaging biomarkers, AI-powered imaging support, and long-standing client trust.
Following the acquisition, Micron will be integrated into Tigermed's global network as a key entity under Tigermed Japan. Leveraging mature service team and deep regional expertise from Micron, as well as its worldwide operational layout, Tigermed will enhance its coverage across Japan and Asia-Pacific in medical imaging capabilities.
"It's a great honor to join Tigermed," said Mr. Hiroaki Suzuki, President and Co-founder of Micron. "Micron is committed to human health by supporting research activities in the medical field through utilizing imaging technologies. We believe our 20 years of medical imaging experience and expertise will become a strong support to Tigermed in this sector. And Tigermed's global presence and resources will open new vision for Micron for building a broader platform and opportunity for worldwide expansion."
"We are delighted to welcome Micron to the Tigermed family," said Mr. Michael Wen, Co-President of Tigermed. "Micron's unique strengths in technology and proven track record will be of great value to Tigermed's business expansion in Japan and Asia-Pacific region. The integration of our technologies and talent will comprehensively enhance our competitiveness in medical imaging and clinical services, empowering us to make greater contributions to global medical research and development."
About Micron
Micron, Inc. was established in 2005 and is headquartered in Tokyo, with offices in Osaka and Nagoya. As an imaging CRO, Micron globally supports the development of pharmaceuticals, diagnostics, medical devices, biomarkers, and AI-guided SaMD through a range of clinical development services centered around medical imaging. Micron provides support across various aspects of clinical development, including monitoring, quality control, imaging core lab operations, image analysis, and centralized imaging review. The company also serves as an In Country Clinical Caretaker (ICCC), offering tailored assistance to foreign medtech and biotech companies conducting clinical trials in Japan. In addition, Micron supports niche areas such as theranostic clinical trials, contributing to the advancement of personalized medicine. Learn more at www.microncro.com
About Tigermed
Tigermed (Stock code: 300347.SZ/3347.HK) is a leading global provider of integrated research and development solutions for biopharmaceutical and medical device industry. With a broad portfolio of services and a promise of quality, from preclinical development to clinical trial to commercialization, we are collaborating with over 3,600 customers and committed to moving their development journey efficiently and cost-effectively. Tigermed currently represents a worldwide network of more than 180 locations with over 10,000 employees across Asia Pacific, Europe, North America, Latin America and Africa. We are devoted to building an integrated platform that enables the boundless possibilities for the healthcare industry, embracing challenges to fulfill our commitment to serving unmet patients' needs, and ultimately saving lives. Learn more at www.tigermedgrp.com
（1）Source：https://microncro.com/wp-content/uploads/4/2024/10/Micron_News_EN_20241024.pdf
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tigermed-completes-acquisition-of-japanese-cro-micron-302515735.html
SOURCE Tigermed
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
New Tariffs Threaten American Battery Production
Trump-era clean energy policies are slamming the breaks on the United States' battery war with China. While lithium-ion batteries were invented in the United States, China has been outpacing the nation in terms of both battery manufacturing and technological innovations. But while U.S. companies have been scrambling to keep up, gutted clean energy incentives and tariffs on critical materials have made a U.S. victory all but impossible. The domestic battery industry had been gaining considerable ground under the Biden administration thanks to major incentives including the sweeping Inflation Reduction Act. Tax credits, in particular, 'helped close the price gap between U.S.-made batteries and those made in China, the world's main supplier of lithium-ion battery modules, cells, and materials,' according to Canary Media. Realizing that the Trump administration would bring a less encouraging policy environment for clean energy technologies, makers of lithium-ion batteries promised the federal government that they would collectively spend a cumulative $100 billion by 2030 to build up an independent and totally domestic grid battery industry. In exchange, they asked for continued political support. So far, that plea seems to be falling flat. Just this month, the Trump administration accused Chinese suppliers of dumping graphite into U.S. markets – meaning that they are selling graphite more cheaply abroad than in their own markets. As a result, the United States has imposed a formidable 93.5 percent tariff on Chinese graphite. This could have immediate and serious consequences for United States batterymakers, as almost all refined graphite in the world comes from China. In fact, this tariff alone could 'easily add $1,000 or more to the price of a battery' according to the New York Times. As a result, the nation's once-thriving 'battery belt' is faltering. 'Projects are being paused, cancelled, and closed at a rate 6 times more than during the same period in 2024,' reports 'The Big Green Machine,' a site affiliated with Wellesley College that tracks domestic clean energy investments. And this biggest projects are the ones suffering most. Politico reports that 'prospects dimmed for 34 projects that are worth more than $31 billion and were expected to create almost 28,000 jobs.' This includes projects that are either paused, canceled, delayed by at least six faced by a slash in funding, or scaled down. But the overall impact of recent political shifts are still unclear, and overall the domestic clean energy sector is still growing. Related: 'The policies Republicans have passed are so recent that they may not have worked their way through the economy,' reports Politico. 'In the last three months, Congress has passed and President Donald Trump has signed bills that removed key tax credits, taken the teeth out of fuel-economy rules and neutered California's ability to force automakers to sell EVs.' Taken together, all of these compounding policy measures create an uncertain policy and investment environment at minimum. More likely, it will cause an extreme contraction of the domestic battery sector at a time when Beijing was already pulling away. "Unquestionably, the Chinese are ahead in manufacturing technology," Bob Galyen, a retired executive who worked with both GM and the Chinese battery giant CATL, told NPR. He says that Chinese battery research and development is receiving major influxes of cash at a time when U.S. manufacturers are struggling for funding. "Clearly, the U.S. is lagging behind,' he finished. Ironically, these measures are hitting Republican districts the hardest. The so-called 'battery belt' is mostly comprised of red states. As a result, according to Politico, 'GOP districts saw 60 percent of the funding decline, while Democratic districts saw 39 percent.' By Haley Zaremba for More Top Reads From this article on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 minutes ago
- Yahoo
Buy, Sell or Hold Navitas Stock? Key Tips Ahead of Q2 Earnings
Navitas Semiconductor NVTS is set to release its second-quarter 2025 results on Aug. the second quarter of 2025, net revenues are expected to be between $18 and $20 million. The Zacks Consensus Estimate for second-quarter revenues is pegged at $14.5 million, suggesting a year-over-year decline of 29.1%. The consensus mark for loss is pegged at 5 cents per share for the second quarter of 2025, unchanged over the past 30 days. NVTS reported a loss of 7 cents per share in the year-ago quarter. Navitas Semiconductor Corporation Price and EPS Surprise Navitas Semiconductor Corporation price-eps-surprise | Navitas Semiconductor Corporation Quote Let's see how things have shaped up for this announcement. Key Factors to Note for NVTS Earnings Navitas Semiconductor is a well-known provider of power semiconductors driven by its GaN (gallium nitride) business, under GaNFast, GaNSafe and GaNSense brands. Investments by NVIDIA NVDA and Tesla in GaN technology, as well as expanding footprint across mobile, electric vehicle (EV), and energy sectors, bode well for Navitas' prospects. However, sluggishness in solar, EV and industrial end-markets is expected to have negatively impacted second-quarter 2025 results. Unfavorable product mix is expected to have hurt gross margin in the to-be-reported quarter. Uncertainty over tariffs and trade issues between the United States and China has been a headwind for Navitas. NVTS Shares Outperform Sector Navitas Semiconductor shares have jumped 97.8% year to date, outperforming the broader Zacks Computer and Technology sector's return of 11.4% and the Zacks Electronics Semiconductors industry's return of 16.7%. NVTS Stock's Performance Image Source: Zacks Investment Research Navitas Semiconductor stock is not so cheap, as the Value Score of F suggests a stretched valuation at this terms of the forward 12-month Price/Sales, NVTS is trading at 16.92X, higher than the broader sector's 6.71X. Price/Sales (F12M) Image Source: Zacks Investment Research Navitas Semiconductor stock is currently trading above the 50-day and 200-day moving averages, indicating a bullish trend. NVTS Stock Trades Above 50-Day and 200-Day SMAs Image Source: Zacks Investment Research NVTS' Strong Portfolio Aids Growth Amid Stiff Competition Navitas Semiconductor is ramping up new 80 - 120V GaN devices in 2025 to target the 48V DC-DC converter market. In Solar & Energy Storage, the launch of NVTS' bidirectional GaN ICs – GaN BDS, in the first quarter of 2025, is enabling single-stage power conversion. This disrupts traditional two-stage architectures used in more than 70% of power electronics, reducing cost, size and power loss by 30% or more. The innovation reveals high-efficiency applications across solar microinverters, EV onboard chargers, energy storage and motor control systems, with customer ramp-ups expected in late 2025 and the EV domain, NVTS has secured more than 40 design wins across China, Europe, the United States and Korea. With a rapidly expanding $900 million EV pipeline, Navitas is poised to scale in high-voltage, high-efficiency onboard and roadside chargers beginning in expanding relationship with NVIDIA is noteworthy. In May, Navitas Semiconductor collaborated with NVIDIA to support the development of NVIDIA's new 800V high-voltage DC (HVDC) architecture. NVIDIA's 800V HVDC approach is designed for next-generation AI data centers, including systems like NVIDIA Rubin Ultra. NVIDIA 800V HVDC architecture will improve end-to-end power efficiency up to 5%, reduce maintenance costs by 70%, and lower cooling costs, all using NVTS' GaNFast and GeneSiC power Navitas Semiconductor faces significant competition from the likes of Wolfspeed WOLF and Power Integrations POWI. These rivals continue to invest aggressively in wide bandgap technologies, supported by stronger revenue bases and deeper customer relationships. Power Integrations' GaN portfolio includes InnoSwitch3, InnoMux-2 ICs, HiperPFS and Scale-2 Gate Drivers. Power Integrations is the only GaN supplier offering devices rated at 900V, 1250V and 1700V, giving it an advantage in grid-tolerant and high-voltage applications. Wolfspeed has been taking initiatives to expand manufacturing capacity. A state-of-the-art, automated 200-millimeter (mm) capable silicon carbide device fabrication facility in New York (the Mohawk Valley fab) is noteworthy. Wolfspeed enjoys a first-mover advantage in 200-mm wafer volume production, which is the silicon carbide industry's most advanced technology. Conclusion NVTS' muted revenue growth outlook in the near term, along with a stretched valuation, makes the stock risky for investors. Navitas Semiconductor currently has a Zacks Rank #4 (Sell), which implies that investors should avoid the stock ahead of second-quarter 2025 results. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Power Integrations, Inc. (POWI) : Free Stock Analysis Report Wolfspeed (WOLF) : Free Stock Analysis Report Navitas Semiconductor Corporation (NVTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
2 hours ago
- CNN
Trump's tariffs are sending African countries into China's hands
Tariffs Asia China AfricaFacebookTweetLink Follow Africa is adjusting to the new reality of US President Donald Trump's tariffs, with countries on the continent facing some of the highest export charges. But what could become a crisis is an opportunity for United States rival China, which has long courted African countries and is now offering them a lifeline. 'We (Africa) are going straight into the hands of China,' Nigerian economist Bismarck Rewane told CNN. 'That is the unfortunate outcome,' Rewane said of Africa's expected further shift toward China, which has emerged in recent years as the continent's largest bilateral trading partner. Four African nations - Libya, South Africa, Algeria and Tunisia - face some of the steepest tariffs imposed by the Trump administration, with charges on exports ranging from 25% to 30%. Eighteen other countries from the continent were hit with 15% levies, a modified tariff package released Thursday by the White House showed. In April, when the US import levies were first announced, Trump pitched them as 'reciprocal' and targeting countries that he said had trade deficits with the US. But Trump instead based his tariffs on countries' trade deficits with the United States – not the tariffs they charge. South Africa, one of the continent's powerhouses, challenged the imposition of a 30% tariff on its US-bound exports, saying Trump's decision was not based on 'an accurate representation of available trade data.' China has offered to soften the impact of US tariffs on Africa, saying in June it would halt charges on imports for nearly all its African partners. 'There is no other opportunity for African countries to strengthen South-South trade (among developing nations) than now,' South African researcher Neo Letswalo told CNN, while urging countries to 'solely turn to China and make it the next US.' 'America is gradually forfeiting its global leadership status,' Letswalo said, adding that the more countries 'become less dependent on the US, the greater opportunity for China to become an alternative.' Before the tariff deadline, the US did not make a trade deal with any African nation despite efforts from the continent to avoid the tariffs, underscoring Africa's place on the White House's priority list. Letswalo described America's failure to negotiate a deal with Africa as 'an open goal for China.' The impact of Trump's tariffs is already being felt in some of Africa's most buoyant economies and some of the continent's poorest, such as Lesotho, which was slapped with a 15% tariff. It had previously been hit with a 50% tariff – one of the steepest rates – before the charges were modified. Lesotho's Prime Minister Samuel Matekane said in June that the huge tariff, combined with the halt of US aid to the nation of just over 2 million people, 'have crippled industries that previously sustained thousands of jobs.' Trump has described Lesotho, a landlocked nation surrounded by South Africa, as a country 'nobody has ever heard of' – even though trade between the US and Lesotho totaled over $240 million last year, mostly in textiles. Before the tariffs, Lesotho benefited from a US trade agreement that allowed it and other eligible sub-Saharan countries to export goods to the US duty-free. Authorities in Lesotho have declared a two-year national state of disaster over the tariffs, as the country braces for their impact, with the textile industry already grappling with massive job losses. Thousands of roles are also threatened in Lesotho's richer neighbor, South Africa, where citrus growers said they were gripped with 'great anxiety' ahead of the August 1 tariff deadline. In a statement this week, the country's Citrus Growers' Association (CGA) warned that 'job losses will be a certainty' if the tariffs came into effect. It added that, 'hundreds of thousands of cartons of citrus are ready in packhouses to be shipped to the US over the next few weeks,' and that implementing the charges 'will mean most of this fruit will be left unsold.' Other industries in South Africa, such as the automobile sector, also face the risk of economic shocks, analysts said. 'Already, we have companies within the automobile sector threatening to leave (the country) as a result of plummeting business,' Letswalo said. 'The tariffs will add to the burden of pre-existing issues, and if these entities decide to exit South Africa, our already existing unemployment calamities will worsen,' he said. Gwede Mantashe, South Africa's minister of mineral and petroleum resources, told reporters Tuesday that other routes are being sought for South African goods. 'If the US imposes high tariffs, we must look for alternative markets,' he said. 'Our biggest trading partner is China, not the US. The US is number two,' Mantashe added. As South Africa scouts for broader opportunities, however, the citrus growers' group has voiced its reservations, specifically that their products suit designated markets so finding another is not straightforward. Its CEO, Boitshoko Ntshabele, told CNN in a statement that 'the US market remains a priority, and so should improving access to China' and elsewhere. 'There is a deep appreciation of South African citrus by US consumers. Since 2017, our exports to that market have almost doubled. The market has immense potential,' Ntshabele added. Letswalo believes there are accompanying risks behind the enticing option of relying on Beijing to cushion the impact of Trump's tariffs. Alternating US with China 'could be risky,' he said, 'especially for some nascent industries within the (African) countries.' 'If they're not protected, Chinese products will flood and outcompete them as many African countries are price sensitive markets,' he warned. China has imposed some imbalanced trade deals of its own in Africa with trade deficits skewed in its favor, according to the China-Global South Project (CGSP), an organization monitoring China's engagement with developing countries. Additionally, the bulk of Beijing's exports to Africa comprise mainly manufactured products, while the continent's exports to China are commonly raw materials. South Africa's Ramaphosa advocated for balanced trade with China when he met his Chinese counterpart Xi Jinping in Beijing last year. Letswalo advised that, while Africa leans on China for trade, it must also seek domestic alternatives. He recommended a swift implementation of the African Continental Free Trade Area (AfCFTA), an agreement signed by nations on the continent to boost trade among themselves. Although established in 2020, implementing AfCFTA has been slow, with just over 20 countries of the continent's 55 trading under the deal. Rewane believes that the US tariffs could inspire Africa 'to build economic resilience and be less dependent on lopsided trade.' Above all, he added, the continent must be 'more inward-looking rather than outward-dependent.'
